Essays on Henry Fayol

Classical Organization Theory

The classical organizational theory is identified as the oldest school of management pre-dated in the early twentieth century (Shafritz, Ott, and Jang, 2012). This theory is premised on efficiency of bureaucratic systems that operate in an organization. This school of management is based on ensuring maximum productivity of an organization’s systems. In this regard, this theory involves centralized decision-making, specialization of labor, and maximization of profit. For this reason, the theory encompasses a combination of three distinct concepts, bureaucratic, scientific, and administrative theories (Daft, Murphy, and Willmott, 2013). The classical organizational theory was advanced by the first scholars, ...

The wolf of Wall Street (2013), a movie based on true events, revolves around Jordan Belfort’s life. He started out as a low-level stock-broker and GOT retrenched when the company he was working for became bankrupt. He found employment with a small company that dealt with Penny Stocks. Thereafter, he broke out and started his company, Stratton Oakmont Inc., with a group of friends, which was an Over-The-Counter (OTC) brokerage house. I selected this movie so as to analyze the organizational structure in Over-The-Counter firms. These types of firms have been criticized and branded the “dark market” because their charges in ...

The Classical Approach theory was developed in the 19th century as an approach to place reliance on various management elements such as division of labor, unity of command and delegation to establish various relationships between subordinates and authority. Classical management can be divided into three areas: scientific management, bureaucratic management and administrative theory. The major contributors to these three management thoughts are Henry Fayol, Max Weber and Frederic W. The classical approach is mainly concerned with increasing efficiency in workplaces on management practice and efficiency of workers. This theory therefore focuses on enhancing workforce, labor and management efficiency in ...

Abstract

Over the past years, various arguments and theories have been made on the supremacy of either of the two roles played by leadership and management. Different scholarly articles and literature have been made by different people but most of them tend to support the dominance of leadership on management. This may be true, However, in order to support this assumptions and conclusions made we will take a deep review of the same in this article. This article will try to contrast and compare leadership and management and what each entails. Different articles have been postulated about this primacy of leadership ...

Abstract

This paper focuses on the principles of Henry Fayol, one of the founding fathers of management principles and education with a view towards determining the relevance of these principles for the modern age. It finds that each of the principles still has some relevance but that work would need to be undertaken to account for the existence of flat management structures and decentralised companies. There are a few other changes that need to be made to bring Fayol's principles in to the 21st century but these are largely small modifications. These alterations reflect changes in the motivation of staff.

Introduction

Henry Fayol ...

The management theories that can be used to analyze the VDOT case study include Henry Fayol’s theory on Principles of management. It contains 14 principles which explain the working of a well managed organization. The other theory used is the BCG Matrix which illustrates the product life cycle of a project and which priorities should be used in a business unit. Max Weber theory on bureaucracy can also be used to describe the state entities and the communication practices which are used.

BCG Matrix theory has two dimensions on market share and growth. For a long term project there should be high-growth ...